Singapore is a vibrant, multimodal hub that develops and delivers sustainable supply chain solutions for the global economy. The country offers world class infrastructure and connectivity, a large base of leading multi-national companies, as well as thoughtful leadership in logistics and supply chain management. In response to the increased complexity of global supply chains, global 3PLs and supply chain management companies are developing innovative Singapore logistics programs and supply chain solutions for their Singapore-based and Southeast Asia customers. JSI is continually monitoring the Singapore logistics industry to stay at the forefront of cutting edge technologies and local Singapore logistics supply chain strategies.
Singapore participates in numerous Free Trade Agreements, which leads to significant cost savings to our customers. By investing heavily into complying and partaking in government sponsored programs, we enable customers to achieve a competitive advantage by adding value to every part of their supply chain operation. JSI’s Singapore facility has been certified, approved and participates in the country’s logistics programs such as the Major Exporter Scheme (MES), Approved Contract Manufacturer & Trader Scheme (ACMT), Singapore Strategic Trade Scheme (STS), Customs Brokerage, Regulated Air Cargo Agent Regime (RCAR) and Secure Trade Partnership (STP & STP-Plus).
When it comes to Customs navigation, understanding the product is important; not doing so creates liabilities and unnecessary stress. By knowing the content of the shipment, the Customs compliance team is able to assist the shipper and customer on proper classifications, fees and estimated Customs clearance times up front instead of at the last minute, alleviating frustration.
Freight forwarders or declaring agents operating in Singapore are required to be registered with customs if they are involved in the following activities:
Below is a list of Singapore Customs schemes and licenses. For more information visit the Singapore Customs website.
Key permits and documents for logistic/scm operations in Singapore include:
Similar to Valued Added Tax (VAT) in other countries, the Goods and Services Tax (GST) was implemented on 1st April 1994 in Singapore. GST is a consumption tax that is levied on the import of goods into Singapore and the supply of goods and services in Singapore. For GST registered business entities in Singapore, GST is an indirect tax applied to the selling price of the goods and services they provide. Businesses are required to continuously assess the need to be registered for GST. There are two GST registration categories: compulsory registration and voluntary registration. The current GST rate is 7%.
As a single platform for Singapore’s trade and logistics community, TradeNet® serves as a neutral and secure trade platform to facilitate connectivity among the trading community through a comprehensive suite of trade services.
The TradeNet® System is a nationwide Electronic Data Interchange (EDI) System which allows the various parties from the public and the private sectors to exchange structured trade messages and information electronically. The major Government agencies, which are using the System for the exchange of trade and shipping messages with the private sector, are Singapore Customs and various others who exercise control on the import, export and transshipment of goods.
The TradeNet® System has integrated the import, export and transshipment documentation processing procedures. It reduces the cost and turnaround time for the preparation, submission and processing of trade and shipping documents and expedites the clearance of the cargo.